June 17, 2013
AgencyPARDON THE INTERRUPTION
After a fire or other catastrophe shuts a business down, business owners may have insurance that covers all the property losses, but how will they manage to keep going until their building, inventory, and records are back to full production? The answer comes in the form of “business interruption insurance.” While standard property […]
June 17, 2013
AgencyINFORMATION SHARING AFTER AN ACCIDENT
If the vehicle that you are driving is involved in a crash with another automobile, how much information should you share with the other driver? According to a survey conducted last year by the National Association of Insurance Commissioners (NAIC), many drivers are actually sharing too much information. While state laws vary, the […]
June 17, 2013
AgencyADDITION BY EXCLUSION
An insurance policy’s section on exclusions lets the policyholder know exactly what areas are specifically not covered by his or her insurance contract. Exclusions do not take anything away from the policyholder because the insurance company certainly does not charge a premium for coverage that it does not provide. In fact, exclusions eliminate […]
July 11, 2013
AgencyVEHICLES’ INSURANCE-RELATED COSTS
One way to pare down automobile insurance costs is to purchase an automobile that is less expensive to repair than other vehicles under consideration. The most deliberate way to make this type of comparison is to look for various vehicles’ ratings in the “Relative Collision Insurance Cost Information Booklet,” which is available each […]
July 11, 2013
AgencyAMONG THE UNINSURED
As the major insurance coverage provisions of the Affordable Care Act are scheduled to begin in January 2014, a recent survey indicates that nearly half of working U.S. adults were uninsured or underinsured at some point in 2012. According to the survey, about 30% of adults between ages 19 and 64 went without […]
July 11, 2013
AgencyLEAKING INFORMATION
According to the Insurance Information Institute, most sewer system backups are not covered under a standard homeowner’s insurance policy. The typical homeowner’s policy will cover the damage resulting from a burst pipe or washing machine hose. It will also cover the rain damage that results when a hurricane lifts the roof off a […]
July 11, 2013
AgencyTECHNICALLY SPEAKING
As business growth continues to be driven by computer technology, exposure to breaches of confidential information due to programming errors, network interruption, and client data loss becomes ever more problematic. To meet these challenges, insurance companies offer professional liability insurance called Technology Errors and Omissions Insurance (“Tech E&O”). It can cover litigation costs […]
July 31, 2013
AgencyDIRECTORS’ AND OFFICERS’ COVERAGE
Directors’ and Officers’ coverage (D&O) has long been a favorite among companies that want to protect their directors and officers from damages resulting from alleged or actual wrongful acts they may have committed in their positions. Aside from affording protection against disgruntled shareholders in publicly owned companies, D&O insurance offers privately held companies […]
July 31, 2013
AgencyMAKE YOURSELF RIGHT AT HOME
When purchasing homeowners insurance, it is important to concentrate on the physical dwelling. More than your possessions, living expenses, and liability, your primary focus should be purchasing sufficient coverage to replace your home in the event of a named peril. When calculating the coverage amount, do not base it on your home’s […]
July 31, 2013
AgencyA GATHERING STORM?
Whether or not you agree with the data-gathering practices of the government and private and publicly held companies, there is no doubting the fact that various entities want to know as much about us as possible. Insurance companies, of course, feed on data that helps them assess risk. For example, the more auto […]